Water Stocks: How to Invest

Global trends, from population growth to urbanization to climate change to fracking, suggest big profits ahead for water-related stocks.

Even in Ireland, where it rains an awful lot, water conservation is necessary.

Thanks mostly to leaks in old pipes, nearly a third of water pumped in Dublin never reaches consumers, requiring constant monitoring and repair. Matt Sheldon, co-portfolio manager of the (ticker: CFWAX), points to Ireland's pipes to illustrate the steady demand for the services of the companies he invests in. Based in Dublin, Sheldon and co-manager...